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To secure the release of the ship, Universe Tankships Inc. paid $6,480 into ITWF's welfare fund. ITWF admitted this was an agreement procured by duress, but it argued its actions were protected by immunity from tort in Trade Union and Labour Relations Act 1974 s 13.
The ITF Seafarers' Trust was established by the ITF Executive Board in 1981 as a body with charitable status under UK law. [1] The Trust financially supports organisations that directly provide welfare services to seafarers, acting as a lobbyist for change in the maritime community, and support long-term programmes that improve maritime workers’ health and welfare. [2]
The International Transport Workers' Federation (ITF) is a democratic global union federation of transport workers' trade unions, founded in June [citation needed] 1896. [1] In 2017 the ITF had 677 member organizations in 149 countries, representing a combined membership of 19.7 million transport workers [2] in all industrial transport sectors: civil aviation, dockers, inland navigation ...
Section 211 of The Securities Exchange Act of 1934 mandated that the SEC conduct various studies. Although not expressly required to study the trustee system then in use for the issuance of debt securities, William O. Douglas, who would later become a Commissioner and then Chair of the SEC, was convinced by November 1934 that the system needed legislative reform.
The trustees may have power to pay capital as well as income to the life tenant. Alternatively, they may have rights to transfer ("appoint") property to other beneficiaries ahead of their entitlement. Discretionary trust the trustees may pay out income to whichever of the beneficiaries they, in the reasonable exercise of their discretion, think ...
The spendthrift clause has three general exceptions to the protection afforded: the self-settled trusts (if the settlor of a trust is also a beneficiary of a trust), the case when a debtor is the sole beneficiary and the sole trustee of a trust, and the support payments (a court may order the trustee to satisfy a beneficiary's support ...
In that case there were two trustees, one of whom was passive in the management of the trust, one of those trustees acted honestly but in breach of the trust terms in making an investment. The passive trustee was unsuccessful in claiming an indemnity on the basis that it had been the actions of the other trustee that had caused the breach of trust.
The ITF maintains the International Road Traffic and Accident Database (IRTAD), a comprehensive database of statistics related to road safety. IRTAD also acts as a permanent working group of the ITF. [10] The ITF member states would from 1978 grant the same parking concessions to people with disabilities as they offered their own nationals.